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Pan Merchant BhdXKLS:0361 -2.27%15 Return-on-Tangible-Asset is -11.68% as of Mar. 2026. GuruFocus rates XKLS:0361 with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 3,078 Industrial Products companies, Pan Merchant Bhd ranks worse than 73.78% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Pan Merchant Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM-20.5 Mil. Pan Merchant Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM175.3 Mil. Therefore, Pan Merchant Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -11.68%.
The historical rank and industry rank for Pan Merchant Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:0361'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.23 Med: 7.96 Max: 14.05
Current: -0.23
During the past 5 years, Pan Merchant Bhd's highest Return-on-Tangible-Asset was 14.05%. The lowest was -0.23%. And the median was 7.96%.
XKLS:0361's Return-on-Tangible-Asset is ranked worse than 73.78% of 3078
companies
in the Industrial Products industry
Industry Median: 3.26
vs XKLS:0361: -0.23
Pan Merchant Bhd (XKLS:0361) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Pan Merchant Bhd Return-on-Tangible-Asset Related Terms
Pan Merchant Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pan Merchant Bhd's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XKLS:0361 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Pan Merchant Bhd's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Pan Merchant Bhd Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Pan Merchant Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pan Merchant Bhd's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -11.68% mean?
Pan Merchant Bhd (XKLS:0361) has a Return-on-Tangible-Asset of -11.68% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Pan Merchant Bhd and its competitors. According to the industry distribution chart, Pan Merchant Bhd ranks #2271 out of 3078 companies in the Industrial Products industry, placing it in the top 73.8%.
Is Pan Merchant Bhd's Return-on-Tangible-Asset too high?
Pan Merchant Bhd's current Return-on-Tangible-Asset is -11.68%. Based on the distribution chart, Pan Merchant Bhd ranks #2271 out of 3078 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Pan Merchant Bhd has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Pan Merchant Bhd's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Pan Merchant Bhd ranks #2271 out of 3078 companies for Return-on-Tangible-Asset. This places Pan Merchant Bhd in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.26. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,078 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Pan Merchant Bhd and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan Merchant Bhd's current Return-on-Tangible-Asset is -11.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Merchant Bhd stock overvalued right now?
Pan Merchant Bhd (XKLS:0361) has a current Return-on-Tangible-Asset of -11.68%. The current Return-on-Tangible-Asset is -11.68%. Pan Merchant Bhd's overall GF Score™ is 15/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Pan Merchant Bhd (XKLS:0361), the current Return-on-Tangible-Asset is -11.68% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Pan Merchant Bhd is a homegrown solid-liquid filtration solutions provider by revenue, with a track record of designing, manufacturing, assembling, delivering, and commissioning filters. It leverages its in-house design and process engineering expertise to supply customised filtration solutions for large-scale and complex projects, in compliance with specific customer requirements and international standards. It is involved in the business of a solutions provider of solid-liquid filtration equipment, fabrication of steelworks, and technical support services in Malaysia. Its segments are: namely, Filtration Solutions, Steel Works, and Technical Support Services, with the Filtration Solutions segment generating the maximum revenue. The Group generates maximum revenue from Europe.
15GF Score
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